Peel Hunt Reaffirms Buy Rating for IWG (LON:IWG)

Peel Hunt reaffirmed their buy rating on shares of IWG (LON:IWG) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.

IWG has been the topic of several other research reports. Credit Suisse Group boosted their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an outperform rating in a report on Monday, April 15th. Royal Bank of Canada boosted their price objective on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company an outperform rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Anglo American in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 307.20 ($4.01).

LON:IWG opened at GBX 363.20 ($4.75) on Monday. The company has a debt-to-equity ratio of 70.53, a quick ratio of 0.42 and a current ratio of 0.57. The company has a market cap of $3.25 billion and a price-to-earnings ratio of 31.31. IWG has a 52 week low of GBX 199 ($2.60) and a 52 week high of GBX 363.30 ($4.75). The company has a fifty day moving average price of GBX 340.10.

In related news, insider Mark Dixon purchased 42,080 shares of the business’s stock in a transaction on Monday, June 17th. The shares were bought at an average price of GBX 340 ($4.44) per share, for a total transaction of £143,072 ($186,948.91). In the last 90 days, insiders have acquired 500,401 shares of company stock worth $168,170,327.

About IWG

IWG plc, together with its subsidiaries, provides office outsourcing services in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and the United Kingdom. The company offers virtual office services; 24/7 workspace recovery solutions; mobile and digital self-service solutions; co-working solutions; fully managed offices; networking and knowledge-sharing meetings; and meeting spaces.

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Analyst Recommendations for IWG (LON:IWG)

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